UOB Launches New Program to Support SMEs for Industry 4.0
UOB launched a program that helps small and medium sized enterprises in Singapore to innovate and internationalise.
UOB launched a program on Monday that helps small medium-sized enterprises (SMEs) innovate and grow internationally. Under this program, the bank will provide financial support through working capital loans, equipment financing, and cross-border cash management and treasury solutions.
«As part of this new programme, we are equipping our bankers with the knowledge they need to help more SMEs seize the opportunities of Industry 4.0.,» said Eric Tham, head of group commercial banking at UOB in a press release.
Expanding the Ecosystem
Besides providing financial solutions to SMEs for making investments into technology, UOB will expand its ecosystem of strategic partners to include technology experts to help them upgrade and scale their capabilities.
«By tapping our industry expertise, sector specialisation and partnerships further, including our collaboration with Enterprise Singapore, we hope to help SMEs work smarter through the implementation of advanced technology and equipment,» Tham added.
At launch, the programme will focus on helping 25 SMEs in the logistics and transportation sectors.
